Bundesbank Plans to Debate
Proposals for Its Restructuring

A Wall Street Journal Europe News Roundup

Updated July 14, 1999 12:01 a.m. ET

FRANKFURT -- The German central bank will discuss proposals for its restructuring at a news conference Wednesday.

The Bundesbank has made clear that it is studying restructuring options after the currency union has changed its role. But it has so far revealed few details on what it envisions. Ernst Welteke, who will become Bundesbank president after Hans Tietmeyer retires in August, has said the Bundesbank's staff of almost 16,000 will be trimmed by around 10% through attrition, starting after the euro notes and coins are...